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Iran melting down | 54 comments (54 topical, editorial, 0 hidden)
Gold Buggery...who benefits? (none / 0)
The beneficiaries of gold buggery are the traders, not the hoarders.

There are huge parallels here to the financialization of commerce that brought the booms and busts.

Gotta have booms and busts. Higher money velocity generates higher returns for financial parasites. I'm reminded of Kurt Vonnegut's analysis of lawyers:

"To encourage movement of money and always take ten percent."

Align culture with our nature. Ot else!

by ormondotvos (ormond.otvosnospamgmialcon) on Thu Jan 5th, 2012 at 11:04:08 PM EST
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Iran melting down | 54 comments (54 topical, 0 editorial, 0 hidden)
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